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Former Obama economic adviser Austan Goolsbee and former Reagan economic adviser Art Laffer discuss the reports that German automakers support the free trade of vehicles between the European Union and the United States.

Sep.18 -- George Magnus, associate at Oxford University's China Center, examines the impact of U.S. tariffs on the Chinese economy and the reaction of the Chinese government. He speaks on "Bloomberg Daybreak: Americas."

Ford wants to define the future of self-driving cars in the city where the company had its humble beginnings. Executive chairman Bill Ford Jr. just laid out plans to turn a century-old Detroit train station into its new hub for autonomous and electric vehicles. Only on "CBS This Morning," the great-grandson of company founder Henry Ford shares the future of self-driving technology, his take on Trump administration tariffs, and competition from Silicon Valley.
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According to new reports, American tax payers have now spent a grand total of $77 million just for President Trump to go golfing while in office. These numbers are absolutely insane, and the fact that conservatives are silent about this issue when they berated Obama nonstop for occasionally golfing is even worse. Ring of Fire’s Farron Cousins discusses this.
Link – http://thehill.com/homenews/administration/405407-trumps-golf-cart-rentals-cost-taxpayers-more-than-300k-report
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The taxpayers of the United States have now spent a grand total of 77 million dollars for Donald Trump, the President of the United States, to play golf. Most of that money was spent right here in the United States at Donald Trump's own golf courses. Some of that was spent overseas at Donald Trump's own golf courses. 77 million. 300 thousand of that 77 million was just for golf cart rental here at Trump properties in the United States. 300 thousand dollars because the clubs that this man owns are charging the Secret Service to rent his golf carts.
Now, I've never purchased a golf cart, but I could imagine that it would probably have just been cheaper for the Secret Service to buy their own golf carts and drive those around to protect the president, but that's not the issue here. The biggest issue is the fact that Donald Trump is charging his own government for him to play golf at his own resorts and then he gets to keep the profits off of that because he still owns those companies.
Brought up a point, and I'm going to bring it up again, and I will continue bringing it up because it's very important: They made Jimmy Carter sell his peanut farm because they didn't want him making any money off the fact that he was president but still owned a business. Meanwhile, Donald Trump goes in spending our tax dollars at his own golf courses and pocketing the profits off of that. 77 million dollars, and he gets the profits off of it.
At the same time, Fox News is dead silent about this issue. Yet, every time, once a month, Barack Obama went to play golf, they would run segments on it for a week talking about how lazy and incompetent he was. Donald Trump has spent one-third of his presidency at a Trump-branded property. He's spent one-fourth of his presidency on a Trump-owned golf course.
There is no comparison. He's spent more on vacations already than Barack Obama did in eight years, and we're the ones who pay for that. We're paying for it at a time when this administration, the Republicans in D.C., tell us we've got to cut Social Security, Medicare, Medicaid, after-school programs, teacher pay, infrastructure spending. We have to cut all that because there's no more money to go around. But this incompetent buffoon we've got in the White House, yeah, we can find 77 million dollars to protect him while he plays golf. If you don't think that's a problem, then you, personally, are part of the problem.
Government wastes money. Yeah, they do. We're wasting a ton of money with this increased military budget on things we don't need just to keep defense contractors fat and happy; but there is no logical or reasonable explanation why we need to be spending 77 million dollars over the span of 19 months for the President of the United States to play golf, let alone the fact that he gets to keep those profits. Something is wrong here, and this is the kind of thing that should, years ago, would've easily been the kind of thing that would have derailed a presidency; but today, Republicans just think it's Donald Trump doing what he does best and taking time off after making America great again.
He is scamming you. He is scamming every single person that pays taxes in the United States. If you don't care about that, then I'm afraid there's no hope for you whatsoever.

Joel Trachtman, Tufts University professor of international law at the Fletcher School of Law and Diplomacy, discusses how President Trump may impose billions of dollars’ worth of tariffs on imported cars.

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Check out these 10 countries with the largest gold reserves in the world! This top 10 list features some of the richest and wealthiest countries on earth that have tons of gold bars stacked up somewhere!
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10.) India
According to the World Gold Council, the Bank of India currently holds 557.7 tons of gold. It is one of the largest stores of gold in the world! This makes up 9.9 % of the country’s total foreign reserve. Foreign exchange reserves is money or other assets held by a nation’s central bank so they can back the national currency.
India, home to 1.25 billion people, is the number one largest consumer of the precious metal. Furthermore, India is one of the most reliable drivers of global demand. For example, India’s festival and wedding season, which runs from October to December, has historically been a major market for gold. And probably, one of the most interesting facts about India and gold is that India rarely invests much in gold. This is because as a country, India operates under the belief that buying gold leads to a deficit. And their belief must be proving right as things also seem to be improving for India. For instance, if you look at the last few years, India has increased its gold reserves from 557.74 to 557.77. While this might not seem like a lot, India is also at its highest point in history! In addition to what the country holds, Indian households which are considered the world’s largest hoarders of gold, hold a record 23,000-24,000 tons, which is worth about $800 billion.
9.) Netherlands
In the past few years, the Netherlands has held 52% of its foreign reserve in gold. The Netherlands has a reported 612.45 tons. In 2016 it was reported that the bank was looking for a place to store all its gold because they were going to renovate the vaults and needed to moving it. The Dutch central bank is planning to move the country’s gold reserves from the center of Amsterdam to a new complex called the Cash Center. Like most countries, Dutch gold is also held in banks around the world to reduce risk. Security measures to guard the gold 24/7 have become a problem in Amsterdam. 189,000 kilos of gold will be moved at the beginning of 2022.
Maybe this is one reason that over the last decade and a half, the Netherlands was selling off tons of gold in order to reduce its reserve. However, there weren’t that many buyers out there and they sold less than the country wanted. More recently the country has had less ambition to sell gold. Currently, the country holds the same amount of tons, 612.45 that they have over the last few years. However, the country has increased its percentage of foreign reserves to 61.2 %.
8.) Japan
Japan is another country which had been increasing its gold reserves since the 1960’s. Their official gold holdings were reported at 765.2 tons. About 2.4% of Japan’s gold today is in foreign reserve. Historically, Japan has always held a bit more gold than other countries. This was true until 2011, when they began to sell some of their reserve in order to pump money into the economy after the tsunami and the following Fukushima nuclear disaster.
But even with selling, Japan’s central bank has been one of the most aggressive practitioners of quantitative easing. For example, in January of 2016, it lowered interest rates below zero, which has helped fuel demand in gold around the world.
7.) Switzerland
Prior to 1997, Switzerland was steadily building its gold reserves. In 1997, the decision was made to sell some of those reserves to bolster the Swiss currency and diversify the foreign reserves. The percent of foreign reserves in Switzerland is currently 6.7 %.
Switzerland actually has the world’s largest reserves of gold per capita and currently has reported 1,040 tons. Over time, many citizens in the country started to feel like the bank was getting rid of too much gold. They then banded together with the “Save the Swiss” movement. However, once everyone was able to vote in 2014, the vote came to a no, and gold continued to be sold. During World War II, Switzerland became the center of the gold trade in Europe, making transactions with both the Allies and Axis powers. Today, much of its gold trading is done with Hong Kong and China. Around last year, the Swiss National Bank made a $5.9 billion profit, reportedly from its gold holdings.
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